Event Driven

Event Driven and Institutional Sales Trading

Joseph Gunnar's Event Driven and Institutional Sales Trading desk provides the firm's clients with risk arbitrage analysis, actionable trade ideas and high-touch execution services. Clientele consists mainly of banks and hedge funds based in North America and Europe, investing in event-driven, corporate actions, risk arbitrage strategies and investment banking deals. The desk analyzes all publicly announced mergers and takeovers involving listed companies. Based on fundamental research, competition, antitrust and other regulatory reviews, the desk will determine the relative risk/reward value of the deal and the inherent annualized rate of return to advise its clients and trade the embedded spread. The team maintains a dedicated trading desk specialized in the executions of sensitive and large orders, spreads, ratios and proprietary algorithms providing:

Direct market accesses to all North American exchanges with low latency connectivity and market accesses to the major European markets and exchanges

State of the art trading infrastructure that gives access to a full range of asset classes worldwide including lit and dark pools, to ensure we capture liquidity in the most effective manner, with the least market impact

Event Driven Leadership

Philippe Allain

Head of Event Driven and Institutional Sales Trading

Philippe is responsible for risk arbitrage and sales trading at Joseph Gunnar. Mr. Allain and his team will cater to his network of North American and European institutional accounts investing in event-driven and arbitrage strategies. They will provide the firm's clients with risk arbitrage analysis, actionable trade ideas and high-touch execution services using first class connectivity coupled with their seasoned knowledge of the market structure.

Philippe brings over 18 years of sales trading and investment banking experience. Prior to joining Joseph Gunnar & Co., LLC he was the Senior Managing Director and Head of Risk Arbitrage Group at Sunrise Brokers LLC., the Head of Mergers and Acquisitions Arbitrage at Tullett Prebon Americas Corp. and the Head of Risk Arbitrage and Quantitative Group at Newedge-Societe Generale. He has also held senior sales and investment banking positions at Maxim Group, Natixis Banque, and BNP Paribas.

Mr. Allain received a master's degree in telecom and computer engineering from Telecom SudParis, France. He holds the FINRA licenses 7, 63, 55 and 24.